Vitesse Energy (NYSE:VTS) Upgraded at Alliance Global Partners

Alliance Global Partners upgraded shares of Vitesse Energy (NYSE:VTS) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat reports. Alliance Global Partners currently has $29.00 target price on the stock, up from their prior target price of $26.00.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $24.11 on Tuesday. The firm has a market capitalization of $712.31 million, a price-to-earnings ratio of 16.51 and a beta of 0.35. The stock has a fifty day moving average of $26.49 and a 200 day moving average of $25.25. Vitesse Energy has a 52 week low of $19.63 and a 52 week high of $28.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.71%. The ex-dividend date of this dividend is Monday, December 16th. Vitesse Energy’s dividend payout ratio is currently 143.84%.

Institutional Trading of Vitesse Energy

Several large investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Vitesse Energy during the 2nd quarter valued at about $26,000. International Assets Investment Management LLC boosted its holdings in Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after acquiring an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Vitesse Energy in the third quarter worth $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Vitesse Energy in the second quarter worth $36,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy during the third quarter valued at $78,000. 51.63% of the stock is owned by institutional investors.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.